| 1 | Representative Ryan offered the following: |
| 2 |
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| 3 | Amendment to Amendment (099179) (with title amendment) |
| 4 | Between lines 417 and 418, insert: |
| 5 | Section 10. Effective July 1, 2007, subsections (9) and |
| 6 | (10) of section 201.15, Florida Statutes, as amended by chapter |
| 7 | 2005-92, Laws of Florida, are amended to read: |
| 8 | 201.15 Distribution of taxes collected.--All taxes |
| 9 | collected under this chapter shall be distributed as follows and |
| 10 | shall be subject to the service charge imposed in s. 215.20(1), |
| 11 | except that such service charge shall not be levied against any |
| 12 | portion of taxes pledged to debt service on bonds to the extent |
| 13 | that the amount of the service charge is required to pay any |
| 14 | amounts relating to the bonds: |
| 15 | (9) The lesser of Seven and fifty-three hundredths percent |
| 16 | of the remaining taxes collected under this chapter or $107 |
| 17 | million in each fiscal year shall be paid into the State |
| 18 | Treasury to the credit of the State Housing Trust Fund and shall |
| 19 | be used as follows: |
| 20 | (a) Half of that amount shall be used for the purposes for |
| 21 | which the State Housing Trust Fund was created and exists by |
| 22 | law. |
| 23 | (b) Half of that amount shall be paid into the State |
| 24 | Treasury to the credit of the Local Government Housing Trust |
| 25 | Fund and shall be used for the purposes for which the Local |
| 26 | Government Housing Trust Fund was created and exists by law. |
| 27 | (10) The lesser of Eight and sixty-six hundredths percent |
| 28 | of the remaining taxes collected under this chapter or $136 |
| 29 | million in each fiscal year shall be paid into the State |
| 30 | Treasury to the credit of the State Housing Trust Fund and shall |
| 31 | be used as follows: |
| 32 | (a) Twelve and one-half percent of that amount shall be |
| 33 | deposited into the State Housing Trust Fund and be expended by |
| 34 | the Department of Community Affairs and by the Florida Housing |
| 35 | Finance Corporation for the purposes for which the State Housing |
| 36 | Trust Fund was created and exists by law. |
| 37 | (b) Eighty-seven and one-half percent of that amount shall |
| 38 | be distributed to the Local Government Housing Trust Fund and |
| 39 | shall be used for the purposes for which the Local Government |
| 40 | Housing Trust Fund was created and exists by law. Funds from |
| 41 | this category may also be used to provide for state and local |
| 42 | services to assist the homeless. |
| 43 |
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| 44 | ======== T I T L E A M E N D M E N T ======== |
| 45 | Remove line 2568 and insert: |
| 46 | exemption; conforming cross-references; amending s. |
| 47 | 201.15, F.S.; revising the distributions of portions of |
| 48 | the excise tax on documents to the State Housing Trust |
| 49 | Fund and the Local Government Housing Trust Fund for |
| 50 | purposes of preserving the rights of holders of affordable |
| 51 | housing guarantees; amending ss. |